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Latest Articles in auto sector

AISC Amends Auto Industry Standards To Include Safety Requirements Of Road-Trains

The standards have been prepared after examining European benchmarks, keeping in mind Indian operating conditions,

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Working Closely With SIAM To Enhance Localisation In Auto Component Sector: ACMA

Over 70 manufacturers and suppliers are showcasing their latest auto components and accessories in the ACMA Automechanika.

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Major Auto Cos Log Robust Sales In March On Pent Up Demand, Shift Towards Personal Mobility

Sales of mini cars, comprising Alto and S-Presso, stood at 24,653 units last month. The company had sold 15,988 units in March 2020.

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Auto COs To Be Fined Up To Rs 1 Cr On Mandatory Recall Orders For Defective Vehicles: Govt

The rules for testing of vehicles and mandatory recall under the Central Motor Vehicles Act provides for penalty in case of manufacturers or importers fail to undertake voluntary recall.

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Govt Makes Airbag Mandatory For Front Passenger Seat In Vehicles

The ministry said that it has been mandated that the vehicles manufactured on and after the first day of April 2021, in the case of new models, and 31st day of August, 2021

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Auto Industry Bodies Recommend Incentivising Enhanced Domestic Value-Addition, Localisation

The auto and component industry is very sensitive to volumes and sustained high growth of domestic demand will significantly help competitiveness and attract MNC investment, they said adding component manufacturing MNCs will shift to India if manufacturing here becomes more competitive.

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TVS Motor Launches Escooter Iqube Electric In Delhi; Priced At Rs 1.08 Lakh

The electric scooter has multiple features such as geo-fencing, remote battery charge status, navigation assist, last park location, incoming call alerts/SMS alerts, among others.

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Toyota Gets Over 5,000 Bookings For New Fortuner Range

The company is working hard to ensure the quickest possible delivery time so that the customers can experience the SUV at the earliest

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Auto Stocks Jump Up To 10.5 % On Sales Growth In January, Scrappage Policy

Presenting the Budget for 2021-22 in Parliament, Sitharaman said that under voluntary vehicle scrapping policy, personal vehicles would undergo fitness test after 20 years while commercial vehicles would require it after completion of 15 years.

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Govt Raises Customs Duty On Certain Auto Parts To Support Local Manufacturing

Finance Minister Nirmala Sitharaman proposed increase in customs duty of various parts including ignition wiring sets, safety glass and parts of signalling equipment to 15 per cent with effect from February 2.

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Scrappage Policy Get the Green Light in Budget 2021

In her speech, Sitharaman also announced the capital investment of Rs 5.54 trillion for developing infrastructure in the country, which leads to an increase in demand for commercial vehicles.

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MG Motor Sales Increase 15 % To 3,602 Units In January

The company said it undertook an annual maintenance shutdown at its Halol manufacturing facility in Gujarat during the first 11 days of January, which affected production and the supply chain.

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Volkswagen Operating Profit Drops By Half In 2020

Sales at the German carmaker rose 1.7% in December, while new car registrations by the sector as a whole in Europe dropped nearly 4%, data from the European Automobile Manufacturers' Association showed.

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The Tough Get Going

In this issue, we bring the spotlight on commercial vehicle manufacturers, the challenges they face and their growth prospects.

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Auto Cos Need To Map Vulnerabilities, Realign Supply Chains To Meet Challenges: Report

Stating that the Indian auto industry needs to deploy crisis management, governance and supply chain intelligence, the report also said the critical first step would be to identify a company's key direct suppliers and dependencies - both in the supply and the demand side.

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